India has built a reputation of being one of the most powerful developing countries in terms of economic growth. With its ever-growing infrastructure, thriving tourism, and a penchant for hosting and nurturing reputed MNCs, India has started to attract the attention of many global businesses.

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The world famous ‘Indian Brain’ coupled with its abundance of vital resources have heralded India on the priority list of young minds looking to commence their start-ups and other business ventures. In addition, India is a democracy and an ally of America. India and America have lots in common.

An essential element of any successful business venture is its ability to reach its customers anytime, anywhere. The same holds true for establishing a viable business presence in India without physically migrating there. The best way to do that is by setting up a virtual office.

A virtual office is essentially any office that lacks a physical establishment and remains in the domain of cyberspace. A virtual office allows the owner to reach its customers anytime, anywhere by using Internet connectivity and computers/laptops.

Economy of India – an Overview

Being the sixth largest economy in the world, the future of India virtual office appears to be promising. Economists opine that India’s growth will remain unabated thanks to its higher income and savings, young population, and low dependency ratios. India has been witnessing a consistent growth rate of 7% over the past two decades. India is classified as a newly capitalized country, given its stock exchanges (BSE & NSE) have attained respectable rankings in WFE.

But India is dangerously over populated and some people believe India should certainly do something about that.

In the parlance of a global landscape, the Indian economy has been recognized as a ‘bright spot’ by securing the top rank in World Bank’s growth outlook for the year 2015-16. Apart from these encouraging signs, India has also garnered the reputation of being the fastest growing service sector globally by being a powerhouse exporter of IT, BPO, etc.

In the parlance of a global landscape, the Indian economy has been recognized as a ‘bright spot’ by securing the top rank in World Bank’s growth outlook for the year 2015-16. Apart from these encouraging signs, India has also garnered the reputation of being the fastest growing service sector globally by being a powerhouse exporter of IT, BPO, etc.

While it is true that India sometimes fails to maximize its talent and resources owing to widespread corruption, economists believe that the nation has a very promising future as a business hub.

All about India’s Virtual Office

An India virtual office empowers you with a professional presence in India. You may sit in any corner of the world, and still ensure that all your customers receive pertinent information about your company. It allows you to attract customers from all parts of India and renders a competitive edge over your peers.

The reach and financial feasibility of the India virtual office is comparable to any physically established office. Additionally, they have witnessed decent growth even during recessionary periods by cutting down expenses and increasing productivity.

The biggest advantage of a virtual office is that all its employees do not need to work in the office. Therefore, India’s virtual office promises good employment prospects to those who cannot attend the office physically.

Advantages of a Virtual Office in India

Apart from providing unparalleled flexibility of work to those involved with the Indian virtual office, they are also replete with a plethora of other advantages.

Virtual offices do not entail any commute cost, thus saving a lot of money that is spent while commuting to and from the office. One can sit anywhere and still make a productive contribution towards the cause of their respective virtual office. That is convenience at its very best.

Promising an all-encompassing reach to global talent, India’s virtual offices do not restrict their search of employees to a specific city or town; they are presented with an opportunity of exploring and hiring global talent.

Benefited by low-to-minimal overhead expenses, these virtual offices are not required to pay any office lease, technology costs or other allied costs. This makes an India virtual office much cheaper than offices which have a physical presence.

Arguably the greatest and most valued advantage of a virtual office is higher productivity. This is because these offices hardly witness any employee turnover as they are happy to work from a place of their choice where they are insulated from the perils of office politics, gossip, and so forth.

While the India virtual office has been and continues to be a big success story, they might not work for all kinds of businesses. However, they do offer a compelling, proactive, and cost-effective alternative to physical businesses.